Kathmandu: 20 commercial banks in operation have released their financial reports for the first quarter of the current financial year. According to the report, overall their net profit has increased by 20.17 percent compared to the same period last year. Until October, banks have earned a net profit of 16 billion 1894 million rupees.

Last year, the profit was 13.47 billion. Among the banks, Nabil Bank is seen as the most profitable bank. It has earned a net profit of 2.5 billion rupees in 3 months. Similarly, Global IME Bank 1.51 billion, Nepal Investment Mega 1.46 billion, Prime Commercial 1.28 billion, NIM 1.14 billion, Everest Bank 1.12 billion, Kumari Bank 1.7 billion and Prabhu 1.4 billion Earned a net profit of Rs.

NIC Asia Bank has earned the lowest profit of only 11 million rupees. The decrease in the impairment charge of the banks has led to an improvement in profitability.